Offered Common Units definition

Offered Common Units means the Common Units of the Exercising Partner(s) identified in an Exchange Exercise Notice which, pursuant to the exercise of Exchange Rights, can be acquired by the General Partner under the terms hereof.
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Offered Common Units has the meaning set forth in Section 10.03(a)(i).
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Offered Common Units has the meaning set forth in Section X.3(a)(i).
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Examples of Offered Common Units in a sentence

  • The Purchase Price payable by the General Partner to each Exercising Partner for the Offered Common Units shall be payable by the issuance by the General Partner of the number of shares of its Common Stock equal to the product, expressed as a whole number, of (i) the number of Common Units being converted, multiplied by (ii) the Exchange Factor (the "Stock Purchase Price").

  • The GP LLC Interests or Offered Common Units, as applicable, being sold to Buyer by such Selling Party are owned by such Selling Party of record and beneficially solely by such person.

  • The delivery of the Offered Common Units to the Managing General Partner shall be a condition to the receipt by the Exercising Partner of the Purchase Price.

  • Upon delivery of the Redeemed Interests to the General Partner, Buyer will acquire such Offered Common Units free and clear of any Encumbrances other than as set forth in the Amended and Restated LLC Agreement, the Unitholders Rights and Restrictions Agreement or the Partnership Agreement.

  • Notwithstanding the foregoing, the Managing General Partner agrees to use its best efforts to cause the closing of the acquisition of Offered Common Units hereunder to occur as quickly as possible.

  • Each Limited Partner further agrees that, in the event any state or local property transfer tax is payable as a result of the transfer of its Offered Common Units to the Managing General Partner (or its designee), such Limited Partner shall assume and pay such transfer tax.

  • Upon delivery of the Offered Common Units to the Buyer, the General Partner will acquire such Redeemed Interests free and clear of any Encumbrances other than as set forth in the Amended and Restated LLC Agreement.

Related to Offered Common Units

  • Offered Units shall have the meaning set forth in Section 11.1 hereof.

  • Initial Common Units means the Common Units sold in the Initial Offering.

  • Offering Shares means the shares of Common Stock included in the Units issued pursuant to this Agreement and Investor Warrant Shares.

  • Common Units is defined in the Partnership Agreement.

  • Over-Allotment Units means the additional number of Private Units the Sponsor will be required to purchase in the event that the underwriters in the Company’s initial public offering exercise their over-allotment option, as described in the prospectus relating to the Company’s initial public offering.

  • Offered Shares has the meaning set forth in Section 3.02(a).

  • REIT Shares means shares of common stock, $0.01 par value per share, of the Company.

  • public units means the state or a political subdivision or instrumentality of the state including a county, school corporation, special district, drainage district, unincorporated town or township, municipality, or municipal corporation or any agency, board, or commission of the state or a political subdivision; any court or public body; an electric power agency; federal and state grant moneys of a quasi-public state entity under Iowa Code section 12C.1, subsection (2e), and this chapter. Public units additionally include, but are not limited to:

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

  • Class A Common Units means a Common Unit which is designated as a “Class A Common Unit” and which has the rights, preferences and other privileges designated in Annex A hereto and elsewhere in this Agreement in respect of holders of Common Units.

  • Initial Shares means all of the outstanding shares of Common Stock issued prior to the consummation of the Company’s initial public offering.

  • Initial Units means, with respect to any Initial Limited Partner, the aggregate number of Class A Units owned by such Initial Limited Partner as of the date of this Agreement.

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • Offered Securities shall have the meaning specified in Section 5.03(b)(ii)(B).

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • Placement Units shall have the meaning given in the Recitals hereto.

  • Participating Shares means shares that entitle their holders to participate without limitation in distributions.

  • Company Units has the meaning set forth in the Recitals.

  • Unsubscribed Shares means the Rights Offering Shares that have not been duly purchased by the Rights Offering Participants in accordance with the Rights Offering Procedures and the Plan.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Offered Interests has the meaning set forth in Section 8.5(a).

  • OP Units means units of limited partnership interest in the Operating Partnership.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Remaining Shares has the meaning set forth in Section 4.1.2.

  • Coop Shares Shares issued by a Cooperative Corporation.